Plan Snapshot
- Plan Sponsor: Kinecta Federal Credit Union
- Sponsor EIN: 956038909
- Sponsor Address: 1440 ROSECRANS AVENUE, MANHATTAN BEACH, CA, 90266
- Plan Type: 401(k)
- Total Participants: 690
- Total Assets: $136.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 690 | $136.1M | $2.6M | $6.0M |
| 2023 | 824 | $125.9M | $2.9M | $7.0M |
| 2022 | 863 | $106.7M | $2.9M | $6.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $154,203 | — | $154,203 |
| TURNER, WARREN HWANG & CONRAD A | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $154,203
- Estimated Expense Ratio: 0.113% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $154,203 | — | — | — | — |
| 2023 | $134,800 | — | — | — | — |
| 2022 | $138,078 | — | $138,078 | — | — |